CEO of Twitter, Elon Musk has reverted Twitter’s logo back to the pioneer, blue-bird logo.
Recall, few days ago, Musk changed the Twitter logo from blue bird, to a yellow dog, a logo of Crypto coin, Dogecoin popularly known with Shiba Inu breed dog.
Dogecoin has reacted to this news again with a plunge of over 19% as against the initial 24% spike.
Dogecoin is a cryptocurrency established by software programmers Billy Markus and Jackson Palmer as a “joke” in response to the rampant speculation in cryptocurrencies at the time.
It is regarded as the first “meme coin,” as well as the first “dog coin.” Despite its humorous character, others see it as a real financial opportunity.
Dogecoin‘s emblem and name are based on the Shiba Inu dog from the “doge” meme. It was launched on December 6, 2013, and soon grew its own online community, eventually reaching a market valuation of more than $85 billion[a] on May 5, 2021. It is the sleeve sponsor of Watford Football Club as of 2021.
Twitter is an online social media and social networking website owned and run by the American corporation Twitter, Inc., in which users publish or react to “tweets,” which are text, picture, or video messages. Registered users can tweet, like,’retweet,’ and direct message (DM),
however unregistered users can only access public tweets. Twitter is accessed by users either browser or mobile frontend applications, or programmatically via its APIs.
Twitter was founded in March 2006 by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams and debuted in July of that year. Twitter, Inc. is headquartered in San Francisco, California, and has over 25 offices worldwide. By 2012, the service had more than 100 million users tweeting 340 million tweets every day.